In a 2003 survey of 3,200 workers by Spherion, a Fort Lauderdale staffing firm, 86% said that work fulfillment and work-life balance was their top career priority. The survey also found that 52% of the workers want to change jobs. I don’t think the results would be too different if this survey were conducted today.
Motivation to stay with a company is really much bigger than just money. But many companies miss the boat. One key point critical to the success of a motivation program is to ask your employees. If you don’t take this first critical step, you could waste a lot of money and effort.
Something that works well for one company may fall flat for another company. Each company culture has its own personality and requires that you ensure you’re providing the perks that truly interest your team. Something you get really excited about as the leader may not interest your team members at all.
If you follow the rule of “ask opinions first,” it will enable you to add perks wisely and meet the objective of retaining your quality team members.
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{ 2 comments… read them below or add one }
Hi Denise,
Very interesting stuff and couldn’t agree more about the money v. other motivational factors
Check out this piece we wrote on the subject; Working With Pay Pals – Relationships versus Rewards?
I’d also appreciate your thoughts on our own approach to Staff Retention?
Happy bloging,
Bruce
Bruce –
Thanks for your message. I’m so glad to hear there are other people out there who “get it.” Your natural approach to forming teams and using it as a staff retention strategy is interesting.
Best regards,
Denise